WHERE’S THE MONEY?

03.18.12

Obama’s Big Donations Lag

Steve Helber / AP Photo

Is this his kryptonite? While the president is raising more than the GOP contenders, Obama’s campaign has focused mostly on small donations—and is failing to pull in donations of $2,000 or more. At this point last election, Obama had 23,000 supporters who gave large donations. This year he’s only at 11,000 (when Dubya was running for reelection he had four times that number). While it could be a sign of financial problems to come, some Democrats don’t think so: they blame the lack of big money boosts on the economy, disillusioned wealthy liberals, and lackluster GOP challengers.